Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

(7) Goodwill and Intangible Assets, Net

Goodwill was $51.5 million and $48.4 million as of June 30, 2019 and December 31, 2018, respectively. There were no impairments recorded against goodwill during the six months ended June 30, 2019 and for the year ended December 31, 2018. The following table displays the changes in the gross carrying amount of goodwill (in thousands):

	Amount
Balance at December 31, 2018	$	48,382
Foreign currency translation		166
Increase due to acquisitions		2,918
Balance at June 30, 2019	$	51,466

Intangible assets consisted of the following (in thousands):

				As of  June 30, 2019
	Gross carrying amount		Weighted average life (years)	Accumulated amortization			Net carrying amount
Amortizable intangible assets:
Developed technology	$	4,303	3.00	$	(2,815	)	$	1,488
Tradenames		2,768	5.00		(1,290	)		1,478
Non-compete		240	2.00		(240	)		—
Customer relationships		28,624	6.64		(6,348	)		22,276
Total intangible assets	$	35,935		$	(10,693	)	$	25,242

				As of December 31, 2018
	Gross carrying amount		Weighted average life (years)	Accumulated amortization			Net carrying amount
Amortizable intangible assets:
Developed technology	$	5,090	3.04	$	(3,225	)	$	1,865
Tradenames		3,193	4.51		(1,526	)		1,667
Non-compete		240	2.00		(230	)		10
Customer relationships		26,990	6.39		(7,335	)		19,655
Total intangible assets	$	35,513		$	(12,316	)	$	23,197

Amortization expense for intangible assets was $1.6 million and $1.8 million for the three months ended June 30, 2019 and 2018, respectively. Amortization expense for intangible assets was $3.3 million and $2.7 million for the six months ended June 30, 2019 and 2018, respectively.    

The expected amortization of the intangible assets, as of June 30, 2019, for each of the next five years and thereafter is as follows (in thousands):

	Amounts
2019 (for the remaining six months)	$	3,246
2020		5,256
2021		4,866
2022		3,556
2023 and thereafter		8,318
	$	25,242